Hantz Financial Services Inc. Grows Position in Select Water Solutions, Inc. $WTTR

Hantz Financial Services Inc. boosted its stake in Select Water Solutions, Inc. (NYSE:WTTR) by 65.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 129,954 shares of the company’s stock after buying an additional 51,233 shares during the quarter. Hantz Financial Services Inc.’s holdings in Select Water Solutions were worth $1,367,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Systematic Financial Management LP grew its stake in Select Water Solutions by 3.9% in the 4th quarter. Systematic Financial Management LP now owns 1,374,163 shares of the company’s stock valued at $14,456,000 after purchasing an additional 52,182 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Select Water Solutions in the 4th quarter valued at $1,557,000. Jefferies Financial Group Inc. bought a new position in Select Water Solutions in the 4th quarter valued at $144,000. FourThought Financial Partners LLC bought a new position in Select Water Solutions in the 4th quarter valued at $189,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Select Water Solutions by 17.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,428 shares of the company’s stock valued at $162,000 after purchasing an additional 2,307 shares during the period. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other Select Water Solutions news, CAO Brian Szymanski sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.04, for a total value of $340,800.00. Following the completion of the transaction, the chief accounting officer owned 114,752 shares in the company, valued at $1,955,374.08. This trade represents a 14.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Skarke sold 90,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $17.31, for a total value of $1,557,900.00. Following the completion of the transaction, the chief operating officer owned 380,738 shares of the company’s stock, valued at approximately $6,590,574.78. This represents a 19.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 222,010 shares of company stock worth $3,925,971 in the last 90 days. 6.20% of the stock is owned by company insiders.

Select Water Solutions Stock Down 3.7%

Shares of NYSE WTTR opened at $18.64 on Thursday. Select Water Solutions, Inc. has a 52 week low of $7.86 and a 52 week high of $20.48. The business has a 50-day simple moving average of $16.45 and a two-hundred day simple moving average of $13.40. The company has a quick ratio of 1.76, a current ratio of 1.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.57 billion, a P/E ratio of 88.75 and a beta of 0.99.

Select Water Solutions (NYSE:WTTR) last issued its earnings results on Tuesday, May 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Select Water Solutions had a return on equity of 2.21% and a net margin of 1.54%.The business had revenue of $365.96 million during the quarter, compared to the consensus estimate of $344.63 million. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Select Water Solutions, Inc. will post 0.29 earnings per share for the current fiscal year.

Select Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Thursday, April 30th were paid a $0.07 dividend. The ex-dividend date was Thursday, April 30th. This represents a $0.28 annualized dividend and a yield of 1.5%. Select Water Solutions’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Ratings Changes

Several research firms have recently weighed in on WTTR. Weiss Ratings reiterated a “hold (c)” rating on shares of Select Water Solutions in a research note on Wednesday, April 8th. Zacks Research upgraded Select Water Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday. Northland Securities set a $21.00 price target on Select Water Solutions in a research note on Thursday, May 7th. Citigroup increased their price target on Select Water Solutions from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Piper Sandler increased their price target on Select Water Solutions from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Select Water Solutions presently has a consensus rating of “Buy” and an average price target of $22.50.

Select Water Solutions Company Profile

Select Water Solutions, Inc, headquartered in Houston, Texas, is a water management services provider primarily serving the oil and gas industry. Formerly operating under the name Select Energy Services, the company rebranded to reflect its core focus on water treatment, recycling and disposal. Since its inception in 2016, Select Water Solutions has expanded to key U.S. basins—including the Permian, Eagle Ford, Marcellus and DJ Basin—and maintains strategic operations in select international regions.

The company’s offerings span the full water lifecycle, from produced water gathering and transportation to advanced treatment and beneficial reuse.